38.2k views
5 votes
How much would $100 invested at 8% interest compounded continuously be worth after 15 years?

2 Answers

1 vote

13,761 dollars. I checked this with a interest calculator

User Yevgeniy Shunevych
by
6.1k points
4 votes

Total = Principal * e ^ (rate * years)


Total = 100 * 2.718281828^(.08 * 15)


Total = 100 * 3.3201169221


Total = 332.01169221


Total = 332.01 (rounded)


Source

1728.com/rate2.htm



User Vignesh
by
6.2k points